Score
TMGM
Australia|10-15 years| Benchmark AA|https://www.tmgm.com/
Website
Rating Index
Benchmark
Benchmark
AA
Average transaction speed (ms)
MT4/5
Full License
TradeMaxGlobal-Demo
Influence
A
Influence index NO.1
Australia 7.44Benchmark
Speed：A
Slippage：AAA
Cost：AA
Disconnected：AAA
Rollover：A
MT4/5 Identification
MT4/5 Identification
Full License
ChinaInfluence
Influence
A
Influence index NO.1
Australia 7.44Contact
Licenses
Single Core
1G
40G
1M*ADSL
- The number of the complaints received by WikiFX have reached 17 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
Basic Information
Australia
Account Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Benchmark
WikiFX Data provideTotal Margin Trend
| VPS Region | User | Products | Closing time |
|---|---|---|---|
 Taipei | 527*** | XAUUSD | 01-24 21:30:31 |
 Dubai | 336*** | XAUUSD | 01-24 17:22:49 |
| Taipei | 708*** | XAUUSD | 01-24 22:28:00 |
Stop Out
0.70%
Stop Out Symbol Distribution
6 months
Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
fxtmg.com
Server Location
United States
Website Domain Name
fxtmg.com
Server IP
104.21.82.184
-
tmgm10years.com
Server Location
Singapore
Website Domain Name
tmgm10years.com
Server IP
170.33.8.140
-
tmgmasia.com
Server Location
Singapore
Website Domain Name
tmgmasia.com
Server IP
170.33.8.140
Genealogy
VIP is not activated.
GCG
Fake TRADE MAX
Fake TradeMax
Company Summary
Let's start here：
TMGM appears to a respected forex broker, presenting access to 12,000 tradbale instruments spanning forex, CFDs and cryptocurrencies. Traders can enjoy competitive spreads across various instruments, exemplified by the EUR/USD currency pair with an average spread of around 0.1 pips. Besides, TMGM extends a diverse set of trading platforms, notably including MetaTrader 4 and MetaTrader 5. Morever, TMGM enriches the trading journey with rich educational resources and trading tools. Lastly, 24/7 multilingual customer support stands ready. However, the question remains: Does TMGM truly live up to its claims? Let's explore more.
| Quick TMGM Review Summary | |
| Founded | 2013 |
| Headquarters | Sydney, Australia |
| Regulation | ASIC, VFSC (Offshore) |
| Market Instruments | 12,000, forex, indices, metals, energies, shares, cryptos |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Account Type | Standard, ECN, Pro |
| Min Deposit | $100 |
| Leverage | Up to 1:1000 |
| EUR/USD Spread | Floating around 0.0 pips |
| Trading Platform | MT4/5, TMGM App |
| Deposit & Withdrawal Fee | ❌ |
| Customer Support | 24/7 live chat |
| Tel: +61 2 8036 8388 | |
| Fax: +61 2 8036 8388 | |
| Email: support@tmgm.com | |
| Regional Restriction | USA |
TMGM Information
Founded in 2013 and headquartered in Sydney, Australia, TMGM is an online ECN/STP broker. Notably, in 2016, TMGM introduced its MetaTrader 5 platform. Subsequently, the company achieved FCA membership in the UK during 2017. The year 2019 witnessed the launch of TMGM's mobile trading app, further enhancing accessibility. By 2021, TMGM's reach expanded to encompass over 200 countries worldwide.
Offering a diverse array of 12,000 trading instruments spanning forex, indices, metals, energies, shares, and cryptos, TMGM caters to traders through popular platforms including MT4 and MT5.
Pros & Cons
| Pros | Cons |
| • ASIC regulation | • No US clients accepted |
| • Competitive spreads and low commissions | |
| • 12,000 trading instruments | |
| • MT4 and MT5 platforms offered | |
| • 24/7 multilingual cutsomer support | |
| • Multiple account types with flexible options | |
| • Rich educational resources |
Is TMGM Legit?
TMGM, a regulated broker, holds authorization from the tier-one regulator ASIC. Additionally, TMGM's international operations are overseen by the VFSC in Vanuatu offshore. Now, let's quickly delve into TMGM's regulations and licenses, which will shed light on how the broker ensures compliance with industry standards and protects clients.
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
 | ASIC | Regulated | TRADEMAX AUSTRALIA LIMITED | Market Making(MM) | 436416 |
 | VFSC | Offshore Regulated | Trademax Global Limited | Retail Forex License | 40356 |
Under the oversight of ASIC, a prominent tier-1 regulatory authority, TMGM's Australian branch known as TRADEMAX AUSTRALIA LIMITED operates with regulatory number 436416. This entity is licensed for Market Making (MM). As per the stringent rules set by ASIC, which is globally recognized, brokers must ensure the safety of clients' funds.
Since TMGM claims to obtain the ASIC license, an investigation team from WikiFX visited the company's registered address in Australia. This visit, conducted in person, revealed that the company is operating smoothly and on a large scale. This direct observation by the investigator enhances our confidence in TMGM's legitimacy and highlights its strong and credible operations under ASIC's regulation.
TMGM's international branch, Trademax Global Limited, operates under the offshore regulation and authorization ofVFSC, holding a license for retail forex activities.
Market Instruments
TMGM goes above and beyond by offering an impressive collection of 12,000 trading instruments, setting it apart as a broker with an exceptional range of options, covering 60+ currency pairs, indices, and stocks sourced from major global exchanges. Moreover, TMGM extends its offerings to include energies, as well as sought-after precious metals like gold and silver. Adding to the mix are energies such as oil and natural gas, not to mention a selection of 10 cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
| Trading Assets | Available |
| Forex | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| Shares | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
TMGM offers three account types, including Standard, Pro, and ECN, with minimum deposit requirement of 100 USD. Islamic account and demo account are both avaiable for these three live account types.
| Account Type | Standard | Pro | ECN |
| Min Deposit | $100 | ||
| Min Lot Size | 0.01 lot | ||
| Max Leverage | 1:1000 | ||
| Margin Call Level | 40% | ||
| Spread | From 1.6 pips | From 0.7 pips | From 0.0 pips |
| Commission | ❌ | ❌ | $7 for currency pairs, $5 for precious metals |
| EA | ✔ | ||
| Scalping | ✔ | ||
| News Trading | ✔ | ||
| Islamic Account | ✔ | ||
| Demo Account | ✔ | ||
Leverage
TMGM offers quite a high trading leverage up to 1:1000 on all account types.
Here's a table comparing leverage provided by major industry players. Notably, TMGM offers relatively higher leverage, though it appears somewhat more cautious compared to the other three competitors. However, users should remember that high leverage is a two-edged tool with potential risks.
| Broker | Max Leverage |
 | 1:1000 |
 | 1:Unlimited |
 | 1:2000 |
 | 1:500 |
Spreads & Commissions
TMGM offers competitive spreads and commissions on their trading instruments. The exact spreads and commissions vary depending on the account type. Found detailed info in the table below:
| Account Type | Standard | Pro | ECN |
| Spread | From 1.6 pips | From 0.7 pips | From 0.0 pips |
| Commission | ❌ | ❌ | $7 for currency pairs, $5 for precious metals |
Generally, TMGM offers tight spreads on major forex pairs such as EUR/USD, with spreads as low as 0.0 pips. Commissions may be charged on some trading instruments, such as shares and futures. However, these commissions are generally competitive compared to other brokers in the industry.
Trading Platforms
TMGM offers popular trading platforms for their clients: MetaTrader4 (MT4), MetaTrader5 (MT5), and TMGM App.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | iOS, Android, Windows | Beginners |
| MT5 | ✔ | iOS, Android, Windows | Experienced traders |
| TMGM App | ✔ | Mobile, PC | / |
Deposits & Withdrawals
TMGM minimum deposit vs other brokers
| TMGM | Most Other | |
| Minimum Deposit | $100 | $100 |
The minimum deposit and withdrawal amount is both $100. Depositing doesn't cost anything, but the time it takes and the currency options depend on your chosen payment method. Be aware, though, that some deposit methods like Union Pay, FasaPay, Visa, and MasterCard can't be used for withdrawals.
| Payment Options | Currencies | Min Deposit | Min Withdrawal | Fees | Deposit Time | Withdrawal Time |
 | NZD, USD, AUD, EUR, CAD | $100 | $100 | ❌ | 1-3 Working Day | 1 Working Day |
 | USD | Instant | ||||
 | NZD | / | 1 Working Day | / | ||
 | USD | $100 | Instant | 1 Working Day | ||
 | USD, EUR, GBP, AUD, NZD, CAD | 1 Working Day | ||||
 | ||||||
 | CNY | / | Instant | / | ||
 | $100 | 1 Working Day | ||||
 | USD | / | / | |||
 | USD, EUR, GBP, AUD, NZD, CAD | 3 Working Days | ||||
 | MYR, THB, IDR, VND | $100 | Instant | |||
 | USD, EUR, GBP, AUD, NZD, CAD | / | ||||
 |
Customer Support
TMGM offers 24/7 customer support through multiple channels including live chat, phone, email, and social media (YouTube, Twitter, Facebook, Instagram and LinkedIn).
| Contact Channels | Details |
 | 24/7 live chat |
 | Tel: +612 8036 8388 |
 | Email: support@tmgm.com |
 | Sydney office, Melbourne Office, Adelaide Office, Canberra Office, Auckland Office |
 | https://www.facebook.com/TMGMgroup |
 | https://www.instagram.com/tmgmgroup/ |
 | https://www.youtube.com/tmgmgroup |
 | https://x.com/TMGMgroup |
 | https://www.linkedin.com/company/tmgmgroup |
Frequently Asked Questions (FAQs)
Is TMGM regulated?
Yes. It is regulated by ASIC and VFSC (offshore).
At TMGM, are there any regional restrictions for traders?
Yes. Products and Services offered on their website are not intended for residents of the United States.
Does TMGM offer demo accounts?
Yes.
Does TMGM offer the industry-standard MT4 & MT5?
Yes. Both MT4 and MT5 are available.
What is the minimum deposit for TMGM?
The minimum initial deposit at TMGM to open an account is $100.
Keywords
- 10-15 years
- Regulated in Australia
- Regulated in Vanuatu
- Market Making(MM)
- Retail Forex License
- MT4 Full License
- MT5 Full License
- Global Business
- High potential risk
- Offshore Regulated
News
News TMGM – Featured Broker in WikiFX SkyLine Guide
WikiFX, as a leading global third-party information service platform, is dedicated to providing investors with the most reliable information services. To cater to the localized and personalized needs of investors in different regions, WikiFX has launched the SkyLine Guide, which first selected 25 outstanding brokers in Thailand. Additionally, WikiFX will release a series of related reports, with this article focusing on one of the featured brokers — TMGM.
2024-11-01 14:36
News TMGM Review 2024: A Complete Guide for Traders
TMGM Broker Review 2024: A comprehensive overview of TMGM's regulatory status, trading platforms, and customer support to guide traders in making informed decisions.
2024-10-03 16:16
News Don't Miss out!! TMGM Global Trading Contest
Attention all traders! Are you ready to test your skills and strategies? TMGM has announced its Global Trading Contest. The TMGM Global Trading Competition allows you to demonstrate your talent. You have an opportunity to win cash from a pool worth $468,600.
2024-09-30 17:45
Exposure ASIC Halts TMGM Retail Trader Onboarding for 21 Days
ASIC imposes a 21-day suspension on TMGM for inadequate checks in its retail trader onboarding process.
2024-05-23 17:54
Exposure Massive Complaints Against TMGM Revealed: Can You Still Trust TMGM?
For many years, TMGM has been considered a reputable broker that was welcomed by many traders. However, recently, we received a lot of complaints against this broker. The concern has been raised due to the reliability of this broker. We wonder if this broker is still trustworthy.
2023-12-08 19:31
Exposure Massive Complaints Against TMGM Revealed: Can You Still Trust TMGM?
For many years, TMGM has been considered a reputable broker that was welcomed by many traders. However, recently, we received a lot of complaints against this broker. The concern has been raised due to the reliability of this broker. We wonder if this broker is still trustworthy.
2023-12-07 18:29
Review 49
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Grace5452
Singapore
The liquidated capital is 1000. There has been no reply since last week.
Exposure
2023-12-11
Grace5452
Singapore
Deposit 1,000 principal in your company. As a result, I couldn't close the position when I made a profit in trading. And my position was liquidated.
Exposure
2023-12-07
tinha
United Kingdom
TMGM they are scamers. refer you to deposit via methods that dont provide to withdrawal. not allowing withdrawal of your funds
Exposure
2023-10-13
Miguel872
Mexico
I make a transfer 1️⃣: Choose 6850 investment amount 40% profit (commission 2740) 2️⃣: Choose 8640 investment amount 40% profit (commission 3456) 3️⃣: Choose 9760 investment amount 60% profit (commission 5856) AND I made the transfer of 6850 so that they would give me profits but they didn't give me anything. The account that I made the transfer to is 646810146404573528 And the name of the account holder is Mauricio Bastar Ortega Please help me
Exposure
2023-10-07
12580
United States
Tmgm You closed my account privately, slippage is serious, causing me liquidation, rogue behavior, give me back my money! Tmgm, you are an irregular platform! Don't cheat people again!
Exposure
2023-10-05
Domias
United States
People, TMGM is a scam exchange. To allow withdraw, you will need permission from someone who brought u there. I don’t even know if the trading is real, every feels wrong, call and put,?u got to select whether to go long or Short first . The morning I’m set eth withdraw.,lost it of course, left with 700, tried to make a withdrawals, it’s still stuck there , guess I’ll never see that again. Once your money is in there, it’s up to them whether to let u withdraw or not, we can’t withdraw at will, it’s a trap. Feel free to call the scammer to ask her about the the exchange, she will be more then helpful
Exposure
2023-08-26
12580
United States
On September 13, 2022, the Tmgm platform system was unstable and had serious slippage, causing our 1.7 lots of gold to lose 3370.2[d83d][dcb2]. After the incident, it was reported to the platform account manager that the account manager had an arrogant attitude. At noon the next day, without our consent, my account was blocked at will, and the account balance of 614[d83d][dcb2] was not refunded. Immediately close the communication loss. We strongly request the Tmgm platform to compensate USD 3370 and refund USD 614, total: USD 3984. Slippage loss situation on September 13, 2022 1. 0.5 lot, bid price: 1723.51, stop loss: 1728, transaction 1715.62, loss: (1728-1715.62) * 0.5 lot * 100 yuan / lot = 619﹩ 2, 0.5 lot , bid price: 1712.98, stop loss: 1728, transaction 1705.86, loss: (1728-1705.86) * 0.5 lot * 100 yuan / lot = 1107﹩ 3. 0.3 lot, bid price: 1703.36, stop loss: 1728, transaction 1705.24, Loss: (1728-1705.24)*0.3 lots*100 yuan/lot=682.8﹩ Fourth, 0.2 lots, buying price: 1706.60, stop loss: 1728, transaction 1706.75, loss: (1728-1706.75)*0.2 lots*100 yuan/ Lot = 425﹩ 5. 0.2 lot, bid price: 1708.15, stop loss: 1728, transaction 1701.18, loss: (1728-170,1.18) * 0.5 lot * 100 yuan / lot = 536.4﹩ five strokes total: 3370.2
Exposure
2022-09-16
12580
United States
On September 13, 2022, the Tmgm platform system was unstable and had serious slippage, causing our 1.7 lots of gold to lose 3370.2[d83d][dcb2]. After the incident, it was reported to the platform account manager that the account manager had an arrogant attitude. At noon the next day, without our consent, my account was blocked at will, and the account balance of 614[d83d][dcb2] was not refunded. Immediately close the communication loss. We strongly request the Tmgm platform to compensate USD 3370 and refund USD 614, total: USD 3984.
Exposure
2022-09-16
12580
United States
The Tmgm platform is a fake platform. It is a gambling platform that cannot make a profit. It has a stop loss and still cannot close a position. The account manager explained that the market was very big yesterday. If the market is very big, the stop loss and profit may be broken. Excuse me, who is still playing on your platform, watching losses and liquidating their positions? This is not the first time that such a thing has happened, and the last time it was impossible to close the position, resulting in serious losses! Tmgm pay back my hard-earned money!
Exposure
2022-09-14
FX57947855
United States
This is fraud it took me a while to realize. Only this TMGM charges brokerage fees to investors in order to withdraw investment and profit. my profit in my trading account was denied withdrawal I invested a lot of money with this firm TMGM, but I haven't yet received any returns from my hard earned money.
Exposure
2022-08-14
FX3106486361
Canada
I blamed myself for a long time for not being more cautious but at first i was able to withdraw $200 and for this reason i was blinded to every other faults this broker had I didn't see how this was a gimmick till the fintrack/ org group made me realize i was being ripped off and put together a case got me my deposits from this broker, It will be wise to stay clear of this scam outfit that is TMGM.
Exposure
2022-08-05
NayLaHtun
Myanmar
withdrawal apply again &again bank wire fail, not receive sea method fail not receive thief ceo ,thief Broker thief account Manager
Exposure
2022-07-25
FX2725421751
Pakistan
Trading account 7131296 TMGM is fraud broker, they have cancel my trade 55.43. I're trade in NOVAVAX sell on 53.02. They were cancel my trade before 1 minutes closing of market. On that time price never goes higher from 53.30, but I amazed how can closed my trade on 55.43. I were multiple emails, chat support team is very non-professional behaviour, they always said we will investigate within 24~48 hours. This is clear scam , what type of investigation required the they did close my trade.
Exposure
2022-05-10
FX9990765162
Vietnam
The fraud tmgm platform doesn't process orders nor compensates customers who slip more than 100 pips but still says it's customer;s error and doesn't compensate. Stay away from tmgm platform
Exposure
2022-03-17
FX3465673907
Philippines
cannot withraw and keeps asking for too many fees. have paid 45k already
Exposure
2022-02-16
FX2642099491
Egypt
The fraud broker doesn't allow u to withdraw funds It only allows you to top up money, not withdraw coins, there are many requirements,
Exposure
2021-07-01
FX1690263401
Nigeria
l deposited $123 on pennywise wealth management. On August 18th they said we should pay sum of $50 for Account maintenance that they'll back by 29th of August but i was wondering why are they not yet back till now.[d83d][de13]
Exposure
2020-09-30
Dream天汇Fx天启
United States
Give you false account and you can’t transfer the money. Charge service fee when return to the bank. The account manager Alice said she would pay for the fee and transfer the money to me on 15th. However, she delayed to give me the fee and said she should be responsible for my fault. This is the way how they work. Attach the screenshot of our chat.
Exposure
2020-09-15
晕乎乎
Estonia
Frankly speaking, this platform is quite reliable to use.
Neutral
2024-12-03
Gavinn
Singapore
I was drawn to TMGM for its vast range of instruments and low spreads, particularly the appealing 0.1 pips on EUR/USD. The platform options like MetaTrader 4 seemed promising for diverse trading needs. However, the excitement dimmed with the realization of inactivity fees.
Neutral
2024-06-04